Trusts and Care Home Advice
Trusts can assist in the context of:
- Divorce, or a divorcing child
- Bankruptcy or a child facing bankruptcy
- Inheritance Tax risks
- Capital Gains Tax
- Care Home fees
- Issues in the family
We can assist in respect of the creation of a trust, which may be created during a person's lifetime or as a result of someone's will. Trusts may be created to look after assets for the eventual beneficiaries, or equally to protect assets for the person creating the trust during their lifetime. Trustees must act in the best interests of all beneficiaries. There are many different types of trust; one could help an injured person to receive money after receiving compensation, whilst another type may help to save inheritance tax.
The work we carry out on behalf of trustees includes ensuring annual accounts are completed and that Revenue requirements are complied with. We also advise trustees on their legal duties under the trust. We advise beneficiaries and trustees on a wide range of issues that may arise, including disputes between beneficiaries.
Care Home Fees
Our solicitors can advise you or a family member in respect of possible options for preserving assets if residential care and nursing accommodation is needed in the future. Such advice can include ensuring all relevant benefits are being obtained including possible NHS funding.
For more information on trusts or advice on care home fees call Leeds 0113 243 6601 or .
|Ben Lowe (view profile)||Associate Solicitor||Head of Probate||Catherine Parker|
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